He was executive vice president, chief administrative and strategic officer for Morgan Stanley from 2001 to 2004, and was executive vice president, chief marketing officer - Discover from 1998 to 2001, when Discover was a part of Morgan Stanley. Since its inception in 1986, the company has become one of the largest card issuers in the United States. jondrummond@discover.com. 2500 Lake Cook Road Riverwoods Illinois 60015 United States. Prior to that, Owen was senior vice president of Global Systems Development for Citicorp Credit Services, chief information officer of North American operations for Arrow Electronics and senior vice president of technology for American Airlines. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Owen was elected to Discovers Board of Directors and appointed to the Boards Risk Oversight Committee on June 6, 2022. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Since its inception in 1986, the company has become one of the largest card issuers in the United States. Eric Wasserstrom Loans, Cash The company is suspending until further notice its existing share repurchase program because of an internal investigation relating to its student loan servicing practices and related compliance matters. From November 2015 until joining Nielsens management, he served as President of the Global Online Business at W.W. Grainger, Inc. Mr. Rawlinson joined Grainger in July 2012 and previously served as the Vice President of Operations for the Global Online Business, and prior to that, Vice President, Deputy General Counsel and Corporate Secretary of Grainger. From 1993 to 1998, Diane was at MBNA America Bank, most recently as senior executive vice president. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return. Eric Wasserstrom John T. Greene joined Discover in September 2019 as executive vice president, chief financial officer. Roger C. Hochschild, chief executive officer and president of Discover, was elected to the board in August 2018. If you experience any issues with this process, please contact us for further assistance. The student loan net charge-off rate was 1.08%, up 55 basis points from the prior year and up 39 basis points from the prior quarter. Amir Arooni joined Discover in March 2020 as executive vice president, chief information officer. After submitting your request, you will receive an activation email to the requested email address. . He was chief executive officer of OptumRx, a pharmacy care services company, from 2015 to 2017. Prior to that, she served in various roles at the firm, including managing partner for audit for the Midatlantic area and audit partner in charge for the Virginia business unit. The dividend equals $30.625 per depositary share, each representing 1/100th interest in a share of the Series D Preferred Stock. investorrelations@discover.com, Media: M.B.A. from the University of Chicago. He is also chairman and chief executive officer of Paragon Biosciences, LLC, an affiliated global life science innovation and investment firm. Prior to that, he served as a White House Fellow and held appointed positions in both the George W. Bush and Obama Administrations. and succession, compensation, corporate governance, public policy, international matters, banking and financial services. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. of Use, Credit Loans, Cash Scorecard, Cash Services may be provided by Western Union Financial Services, Inc. NMLS# 906983 and/or Western Union International Services, LLC NMLS# 906985, which are licensed as Money Transmitters by the New York State Department of Financial Services. From October 2017 through February 2018, Mr. Thierer also served as the interim chief executive officer of Dentsply Sirona Inc., a manufacturer of dental implants. Since its inception in 1986,. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. It operates the Discover Global Network comprised of Discover Network, with millions of merchants and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. After submitting your request, you will receive an activation email to the requested email address. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Ms. Duncan was admitted to the KPMG LLP partnership in 1987 and had more than 35 years of experience as a professional with the firm. Leadership Team. The Board of Directors of Discover Financial Services declared a semi-annual cash dividend on its Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series D, in the amount of $3,062.50 per share. Card yield was 12.81%, up 29 basis points from the prior year primarily driven by higher market rates and lower interest charge-offs partially offset by a higher mix of receivables at a promotional rate. Ms. Bush served on the board of Marriott International, Inc. from 2008 to 2020. The new program expires on December 31, 2021, and can be terminated at any time. Mr. Rawlinson served on the board of MonotaRO Co., Ltd. from 2014 to 2019 and the board of Nielsen Holdings plc from 2017 to 2021. Mr. Owen has over 38 years of experience in banking, information technology that spans multiple industries including banking, insurance, airlines, and the defense industry. Interest expense as a percent of total loans decreased 7 basis points from the prior year period, primarily driven by the maturity of high coupon consumer CDs and a favorable shift in the funding mix. Investor Relations Prior to joining Discover, Dan held various leadership positions in finance at Citi and Bank of America. Net interest income for the quarter increased $311 million, or 14% driven by higher average receivables and net interest margin expansion. robertweiss@discover.com. Roger holds a bachelor's degree in economics from Georgetown University and an M.B.A. from the Amos Tuck School at Dartmouth College. Roger C. Hochschild was named chief executive officer and president, effective October 2018, and was elected to the Discover board of directors in August 2018. and skills applicable to our business, including in the areas of regulation, public accounting and financial reporting, finance, risk management, business development, technology, marketing, operations, strategic planning, management development Jon Drummond Employee compensation increase was driven by higher headcount and higher average salaries and benefits. Mr. Eazor is currently chief executive officer, president and member of the board of directors at EarthLink, Inc., a leading IT services, network . The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home loans, checking and savings accounts and certificates of deposit through its banking business. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Ms. Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. About Discover . It operates under the Digital Banking and Payment Services segments. Mr. Thierer is a member of the board of directors of Xeris Pharmaceuticals, Inc. and Senior Connect Acquisition Corp. Jennifer L. Wong has been the chief operating officer of Reddit, Inc., a community and discussion platform, since 2018, where she oversees business strategy and growth, and related teams for the company. Mr. Eazor also served on the board of Commvault, a data protection and information management company, from 2015 to 2018. Discover Financial Services Names David L. Rawlinson II to Its Board of Directors, https://www.businesswire.com/news/home/20210223006141/en/, Contact David L. Rawlinson is the president, chief executive officer and a member of the board of directors for Qurate Retail, Inc. which is comprised of seven leading retail brands and primarily operates e-commerce and digital shopping hubs. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Discover Financial Services (NYSE: DFS) is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Discover Financial Services announced today that John Owen, former chief operating officer of Regions Financial, has joined the companys Board of Directors. Prior to that, he was chairman and co-chief executive officer of Citi Markets and Banking, the investment banking division of Citigroup, Inc. Director, Chief Executive Officer and President, Executive Vice President, Chief Financial Officer, Executive Vice President, Chief Information Officer, Executive Vice President, President US Cards, Executive Vice President, Chief Human Resources and Administrative Officer, Executive Vice President, Chief Legal Officer, General Counsel and Secretary, Executive Vice President, President - Consumer Banking, Executive Vice President, President - Payment Services, Executive Vice President, Chief Risk Officer, Executive Vice President, Chief Data and Analytics Officer. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. You can unsubscribe to any of the investor alerts you are subscribed to by visiting the unsubscribe section below. Investors: Diners Club volume was up 37% year-over-year reflecting an improvement in global travel and entertainment spending. 2023, Nasdaq, Inc. All Rights Reserved. Credit Card, Student Agreement, Home Discover Financial Services, Metropolitan Family Services, Principal Financial Group, Inc., The Student Loan Corp., Chicago Public Media, Inc., Principal Financial Services, Inc., Discover Financial Services (UK) Ltd. Total operating expenses were up $94 million year-over year, or 9%, driven by higher expenses for marketing and employee compensation partially offset by lower information processing. I am confident that he will help Discover continue to succeed as a leading digital bank and payments company and look forward to Johns contributions as a member of our already strong Board.. Us, Terms Discover Financial Services Declares Quarterly Dividend for Common Stock, Contact Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright Refinitiv. It operates the Discover Global Network comprised of Discover Network, with millions of merchants and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. Airlines. Us, Terms First, we see that ten out of the eleven board members of DFS are independent and the only non . will not work, such as the display of rates and APRs. The Discover Board of Directors has appointed board member Thomas Maheras as Chairman, effective immediately, following the unexpected May 1 death of Chairman Lawrence Weinbach. Personal loans net charge-off rate of 1.21% was down 59 basis points from the prior year and up 9 basis points from the prior quarter. DISCOVER FINANCIAL SERVICES NAMES JOSEPH F. EAZOR TO ITS BOARD OF DIRECTORS . For more information, visit www.discover.com/company. You can sign up for additional alert options at any time. Equity Loans, Personal Type a symbol or company name. In her position, she has the primary or secondary responsibility for managing all aspects of . France This Way review: if you follow the Chemin de la Colle, on the hill about . Prior to joining Discover, -, Discover -Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners, Inflation Is Making Home Improvement Projects Less Attainable for American Homeowners, JPMorgan Adjusts Price Target on Discover Financial Services to $102 From $111, Keeps Neutral Rating, https://www.businesswire.com/news/home/20200504005773/en/. He served as independent chairman since January 2019. Owens track record of innovation for Regions includes his fintech partnership strategy, launching a new business focused on serving the underbanked population and the development of Regions mobile app, John brings nearly four decades of experience in the banking industry and has a wealth of knowledge related to technology transformation to enhance the customer experience, said Roger Hochschild, CEO and President of Discover. Locator, Credit Inclusion, Accept Callas is situated in the Var department and Provence-Alpes-Cte d'Azur region. By providing your email address below, you are providing consent to Discover Financial Services to send you the requested Investor Email Alert updates. Prior to that, Owen was senior vice president of Global Systems Development for Citicorp Credit Services, chief information officer of North American operations for Arrow Electronics and senior vice president of technology for American Airlines. Discover Financial Services : BOARD OF DIRECTORS APPROVES REPURCHASE OF UP TO $2.4 BILLION OF COMMON STOCK AND INCREASES THE QUARTERLY COMMON STOCK DIVIDEND 14% FROM $0.44 TO $0.50 PER SHARE (Form 8-K) | MarketScreener Homepage Equities United States Nyse Discover Financial Services News Summary (DFS) Add to my list Report Jon Drummond It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance around the world. If you experience any issues with this process, please contact us for further assistance. After submitting your request, you will receive an activation email to the requested email address. The total net charge-off rate of 1.80% was 32 basis points lower versus the prior year period reflecting strong credit performance across the portfolio. Resources, ATM . Since its inception in 1986, the company has become one of the largest card issuers in the United States. https://www.businesswire.com/news/home/20210223006141/en/, Media Contact @Discover_News, Investor Relations Independent Chairman -Risk Oversight Committee, Director - Compensation and Leadership Development Committee, Director - Nominating, Governance and Public Responsibility Committee (Chair), Risk Oversight Committee, Director - Compensation and Leadership Development Committee (Chair), Director - Audit Committee, Nominating, Governance and Public Responsibility Committee, Director - Risk Oversight Committee (Chair), Director - Compensation and Leadership Development Committee, Nominating, Governance and Public Responsibility Committee. She holds a Bachelor of Business Administration degree in accounting from Loyola University. Credit Card, Business 224-405-4555 Data are provided 'as is' for informational purposes only and are not intended for trading purposes. Credit Card, Cardmember Bush is a member of the board of directors of ManTech International Corporation, T. Rowe Price Group, Inc., and Bloom Energy. They collectively have substantive knowledge Weinbach most recently was chairman of Great Western Products Holdings, LLC, a manufacturer and master distributor of food and nonfood concession products, since 2009 and a managing director of Yankee Hill Capital Management, LLC, a private equity firm, since 2006. Credit Card, Business Copyright 2023 Surperformance. Nelms joined Discover in 1998 as President and Chief Operating Officer. Back Rewards, Refer Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. ericwasserstrom@discover.com, Media Contact: RIVERWOODS, Ill.--(BUSINESS WIRE)--The Board of Directors of Discover Financial Services declared a quarterly cash dividend of $0.44 per share of common stock payable on June 3, 2021, to holders . The dividend will be payable on September 23, 2022, to the holders of record at the close of business on September 8, 2022. Wells Fargo Adjusts Discover Financial Services Price Target to $103 From $105, Maintai.. Free Resources From Discovery Education Support Financial Capability Month, Discover Financial Services Announces 2023 Annual Meeting of Shareholders, AL RAJHI BANKING AND INVESTMENT CORPORATION, HOUSING DEVELOPMENT FINANCE CORPORATION LIMITED, President, Chief Executive Officer & Director, Chief Financial Officer & Executive Vice President, Chief Human Resources & Administrative Officer.

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